Irish social media analytics startup Eagle Alpha has secured $1.5 million (€1.1 million) in funding from angel investors, according to The Irish Times.
According to Value Walk, the fresh capital infusion will help the startup beef up both its product offering and its sales teams in New York and London.
Value Walk also cited Eagle Alpha chief Emmett Kilduff sharing the startup's future plans: "In April we will be launching a curated twitterfeed on US technology, media and telecom stocks. There are 500 million tweets each day - we will publish the best 50 regarding US TMT stocks. In addition, we will be publishing a research report on Weibo ahead of its upcoming IPO in the US."
The Irish Times said Eagle Alpha had teamed up with social network data buyer Datasift to mine large amounts of information from social media. The data collected are then used by investors in their business decisions, the report explained.
Eagle Alpha currently has a 20 employees but plans to expand the team later on. Kilduff revealed that the startup is planning to begin another funding round in July, The Irish Times reported.
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